All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
LevFinLevFin High Yield Bonds

Center Parcs slices coupon in final leg of class B refi

center parcs 575x375 from company

Center Parcs, the UK resort group owned by Brookfield, has sold a £255m high yield bond, in order to raise cash to redeem its remaining class ‘B’ notes due in 2022. The final coupon stood 2% inside where its September 2020 refinancing outing landed, reflecting investor confidence in the business’ position coming out of the pandemic. But the company accepts it is still facing challenges.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login